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139 Wyman Hill Road
Rumford, ME 04276
$279,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3992
Property Description
This wonderful home has so much to offer! The possibilities are absolutely endless. Just think about the limitless ways you could utilize 14 large rooms, 3 baths, 3 bedrooms and a whopping 3,992 sq ft of living space. Seriously 14 rooms! Put your imagination into overdrive and turn this awesome property into the home of your dreams. Or, perhaps you would like to live and work right from home? There are several ways to access the second floor and several egresses to the exterior. In the center of the home lies a rarely found gem in today's world, a court yard which is completely hidden from the outside world. A great private area to lie in the sun, enjoy time reading or simply letting the dogs out where you do not have to worry about their safety. Maybe you could quite simply have some alone time yet never have to leave your home. There are some beautiful wood floors just waiting to be finished with the finish of your choice. This home has lots of character. Not a cookie cutter home. Delightful surprises spread throughout the back, sides and front yards. Plenty of room for parking, games or maybe even a pool. Host family & friend gatherings, barbecues and parties. There is an attached garage to the left side of the home that needs a little TLC. Seller's have spent months painting and making this home inviting for it's new owners. The kitchen tile are in need of replacement but the tiles needed have been stored in the basement for you. Property has recently been surveyed. The borders have been marked for easy viewing. Blackberry bushes offer sweet treats. There is a breathtaking view of the Mtn. area across the Street from our back porch. Every single corner of the yard lies a story waiting to be told, memories and dreams waiting to take flight. Don't take my word for it, check out the thoughtful words written by the lady of the house in the MLS. How they have loved this home. Call today for your showing. Make an appointment and let the imagination go.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1880
MLS Number
1590212
Location
Address
139 Wyman Hill Road
City
Rumford
State
ME
Zip Code
04276
County
OXFORD
Listing
Provider
Berkshire Hathaway HomeServices Northeast Real Est, original listing
Name
Berkshire Hathaway HomeServices Northeast Real Est
Phone
(207) 942-8261
Office Name
Berkshire Hathaway HomeServices Northeast Rea
Office Phone
(207) 784-0159
Agent Name
Sheila Delamater

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.